I see... the CAPE is wrong AND the Ph.D's that backtested the CAPE at Vanguard are ALWAYS wrong... oh wait, but wouldn't your argument than make the CAPE right (since their argument was that the CAPE was not a predictor in the short term)? :o I kid, but seriously... TLDR, "You have no real evi...

Here is a very rough example: Overpriced market: 25% S&P 500 25% Tbills 25% Long Term Treasuries 25% Gold Fairly priced market: 20% S&P 500 12.5% Small Cap Value 22.5% Tbills 22.5% Long Term Treasuries 22.5% Gold Underpriced market: 25% Small Cap Value 15% S&P 500 20% Tbills 20% Long Te...

Here is a very rough example: Overpriced market: 25% S&P 500 25% Tbills 25% Long Term Treasuries 25% Gold Fairly priced market: 20% S&P 500 12.5% Small Cap Value 22.5% Tbills 22.5% Long Term Treasuries 22.5% Gold Underpriced market: 25% Small Cap Value 15% S&P 500 20% Tbills 20% Long Te...

Here is a very rough example: Overpriced market: 25% S&P 500 25% Tbills 25% Long Term Treasuries 25% Gold Fairly priced market: 20% S&P 500 12.5% Small Cap Value 22.5% Tbills 22.5% Long Term Treasuries 22.5% Gold Underpriced market: 25% Small Cap Value 15% S&P 500 20% Tbills 20% Long Te...

Here is a very rough example: Overpriced market: 25% S&P 500 25% Tbills 25% Long Term Treasuries 25% Gold Fairly priced market: 20% S&P 500 12.5% Small Cap Value 22.5% Tbills 22.5% Long Term Treasuries 22.5% Gold Underpriced market: 25% Small Cap Value 15% S&P 500 20% Tbills 20% Long Ter...

Agreed, it is crazy how much more a pain rebalancing appears to be in a PP vs a GB just by adding 1 more asset. But since I am a glutten for punishment... For quite a while now (well, pre-coronavirus anyways) I have been planning on implementing a portfolio that tries to take the best of the PP/GB w...